 the tiger financial news network update welcome folks we have that our industrial is finished down 148 nasik down 50 s&p's down 22 go go contract up $7.70 straight in 1976 counts we have silver flat $23.70 announce lights we crude up a buck 82 dollars 61 cents a barrel notes and bonds 10-year note up a dollar up one point rather at 118 the 30 up a full point plus 25 ticks at 12204 and King dollar King dollar down 502 ticks trading 102 0 4 1 Euro out here at 110 and 141 British pound 127 we get over and take a look at the s&p first well let's go look at the future first because this is a we haven't quite had a day like this for quite some time the s&p from highs to lows bottom line gave up 61 points with the high out there 45 60 to low out there 45 93 and we closed out at 44 99 if we go to the spy the spy now is in a confirmed ABC structure on the dead way down with a 441 price target right now you're at 446 we took out the b-point took it out with volume needed 64 million shares you did 90 million and what you do have it 440 you know is that you got a high volume high there so that's going to be the first place I suspect we're gonna get some support well we'll find out that's a real bottom line because if the volume well I suspect we are you know why because when an ABC finishes it likes to do something other than the same thing and that's an ABC up the ABC down okay it either you know if it's an ABC down what ends up happening can go sideways or a bounce up it doesn't mean that it wants to go higher it just means that you know you can do multiple ABC structures down or up you know so I suspect 440 is the number to look at that we go to the cues now the cues are going to get really interesting the reason being is on Monday morning the cues are going to go after their low it didn't get hit today the low that we're talking about I don't think it did let's see 371 77 yeah it did actually we got an ABC down the cues to yeah we got it ABC down it hit and we needed 47 million shares did 59 yeah the bottom line this is an ABC down also now and what's interesting here is that this thing should have held well it did hold okay at this one 372 85 word you know that's a high volume high so if this digs into it Monday then that 440 on the S&P is saying that's gonna go lower also have a great weekend folks have a safe weekend come back and visit Tommy Monday morning kicks us off 9 a.m. great show folks look at them folks